The early withdrawal fee on this account is $6.25
Step-by-step explanation:
Suppose you buy a CD for $1000
- It earns 2.5% APR and is compounded quarterly
- The CD matures in 5 years
- Assume that if funds are withdrawn before the CD matures, the early withdrawal fee is 3 months' interest
We need to find the early withdrawal fee on this account
∵ The annual interest is 2.5%
- Change it to decimal
∵ 2.5% = 2.5 ÷ 100 = 0.025
∴ The annual interest rate is 0.025
∵ The interest is compounded quarterly
∴ The interest rate per quarter = 0.025 ÷ 4 = 0.00625
∵ The early withdrawal fee is 3 months' interest
∵ You buy the CD for $1000
∵ A quarter year = 3 months
∴ The early withdrawal fee = 1000 × 0.00625 = $6.25
The early withdrawal fee on this account is $6.25
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Answer:
The Four Color Theorem, or the Four Color Map Theorem, in its simplest form, states that no more than four colors are required to color the regions of any map so that no two adjacent regions have the same color. As promised, that's a theorem any elementary-level student can grasp.
Step-by-step explanation:
will rain + will not rain = 100%
72% + will not rain = 100%
will not rain = 28% <em>subtracted 72% from both sides</em>
Answer: 28%
Answer:D 676√ cm2
Step-by-step explanation:
